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Your lawyer will prepare a Contract of Sale to safeguard your interests. If your property is a new build, the Contract of Sale will include all important terms such as plot number, plot size, price, payment schedule, completion date with penalty clauses for late completion. All floor plans and specifications will be attached to the…

There are three main one-off taxes which must be paid.   1. The first is a 0.5% stamp duty (current at March 2023) whihc is paid within one month of the contract date on all properties. 2. The second is 5% VAT which is only due on either brand new properties (all new build properties) OR on a…

Before the title deeds to the property can be registered in your name, you will need to obtain what is called Permission to Purchase (often written as P2P in shorthand) from the TRNC Council of Ministers.  (It is rare for this to be denied – the only situation is usually if the prospective buyer has…

Buying a property in North Cyprus should be an enjoyable process and we at NCI want to take the stress out of your decision making.  To reserve a property once on the island it is customary to pay a non-refundable deposit to take the property off the market.  The exact amount of this will vary dependant upon…

Unless you speak Turkish and live in North Cyprus full time, you need a lawyer!  Setting up a limited power of attorney with a certified legal advisor in the TRNC is a free and very quick process.  It is a power of attorney or POA ONLY for the process of buying property and is without…

At NCI we want to ensure that your interests are maximally protected the whole transaction and we can provide a list of recommended and trusted lawyers in North Cyprus who have the best prices, qualifications (often British trained), track record and efficiency.  During your inspection visit or viewing day we can arrange a meeting with…

Occasionally investors who frequently purchase property sight unseen (without visiting) can set up power of attorney remotely via an Embassy or a UK-based TRNC lawyer (with a partner in the TRNC).  Please contact us if you are unable to visit the TRNC and still wish to purchase.  We advise against this process if you are…

It is not possible to use your existing personal Conveyancing lawyer in the UK or other country of origin to purchase a property in Northern Cyprus.  It is very important to appoint your own independent legal advisor in the TRNC as there are various important “on island” legal processes which have to be carried out…

All properties in North Cyprus hold a freehold title deed.  There is no leasehold in the TRNC. There is an exception of Karmi village which a specially preserved place.